If 9% of sale price of an article is equivalent to 11% of its cost price and 13% of its sale price exceeds 15% of the cost price by Rs 2. Then what will be the cost price of the article?

Rs 220

Rs 225

Rs 235

Rs 300

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Correct Answer is: Rs 225

Explanation:

9% of SP = 11% of CP => 9 SP = 11CP

=> SP = 11/9 CP -------(1)

13% of SP = 15% of Cost Price + 2 => 13 SP = 15 CP + 200

=> SP = 15/13 CP + 200/13 ---------(2)

From Eqn (1) and (2)

11/9 CP = 15/13CP + 200/13

11/9 CP – 15/13 CP = 200/13

(143 CP – 135 CP) = (200 x 9 x 13)/13

8 CP = 1800 => CP = Rs 225

While selling a watch a shopkeeper gives a discount of 5%, if he gives a discount of 7% he earns Rs 15 less as profit, then the marked price of the watch is….

Rs 697.50

Rs 712.50

Rs 787.50

Rs 750

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Correct Answer is: Rs 750

Explanation:

As per the question:

(7-5) i.e. 2% of Market price of watch = Rs 15

2% of MP = 15

MP = 15 × 100 / 2=Rs 750

Anand marks up the price of an article by 50% and then allows a discount of 20% and sells it to Balaji. Balaji sells it for Rs 20 more than what he purchased for, this S.P is 30% more than the original C.P. of the article. Then Balaji's profit % is….

9%

7.5%

6.66%

8.33%

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Correct Answer is: 8.33%

Explanation:

C.P. for Anand = Rs x

M.P. = x + 50/100 × x = 1.5x

S.P. by Anand = C.P. of Balaji = 1.5x - 1.5x * 20/100 = 1.2x

S.P. by Balaji = (1.2x + 20)

According to question: S.P. by Balaji = 30% more than original CP

1.2x + 20 = x + 30/100 * x

1.2x + 20 = 1.3x => x = 200

C.P. of Balaji = 1.2 ×200 = 240

Profit percent of Balaji= 20/240 × 100 = 25/3 % = 8.33%

Jasmine allows 4% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a shirt if its marked price is Rs 850?

Rs 650

Rs 720

Rs 700

Rs 680

Show Answer

Correct Answer is: Rs 680

Explanation:

SP = 0.96 MP

MP = 850 => SP = 0.96 X 850

1.2 CP = SP(Profit of 20%)

CP = 0.96 X 850/1.2 = 680

If goods be purchased for Rs 450 and one third sold at a loss of 10%. At what gain percent should the remainder be sold so as to gain 20% on the whole transaction?

30%

32%

35%

28%

Show Answer

Correct Answer is: 35%

Explanation:

C.P. of goods = 450

Overall profit = 20%

Total S.P. = 450 + 450 × 20/100 = 540

S.P. of 1/3rd goods = 150 - 150× 10/100 = 135

So, S.P. of remaining goods = (540 - 135) = 405

Profit on remaining goods = (405 - 300) / 300 × 100 = 35%

A shopkeeper marks his goods 40% above the cost price. He allows a discount of 5% for cash payment to his customers. He receives 1064 Rs. in cash after paying the discount. His profit is….